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China's Ambassador to India, Sun Weidong, says China and India "should be partners rather than rivals", and he has called on the two countries to put their relationship back on the right track.

China will lift foreign ownership restrictions in the life insurance sector in three years and raise foreign ownership limits to 51 percent in joint-venture life insurance firms by the end of June, a top regulatory official said.

China's VC tech investment in the first quarter of the year reached billion, contributing 66 percent of the total invested in Asia, and with 101 projects China has the largest number of venture capital deals in the Asian market, the report said.

China will take more than 4 million metric tons from Russia's Yamal liquefied natural gas project each year when it is fully operational, said CNPC, which is an investor in the project.

China's automobile sales totaled 17.12 million units in the first three quarters of this year as the country's automobile market warmed alongside government polices to spur consumption.